Wednesday, September 28, 2022

Panic buying drains fuel pumps in major British cities

British fuel stations in major English cities dried up by 90% on Monday after a deepening supply chain crisis triggered by a shortage of truckers, which retailers are warning could damage the world’s fifth-largest economy.

A severe post-Brexit shortage of truck drivers emerging from the COVID-19 pandemic has caused chaos through British supply chains in everything from food to fuel, raising the risk of disruptions and price increases until Christmas. Has been.

Just days after Prime Minister Boris Johnson’s government spent millions of pounds to prevent food shortages caused by rising natural gas prices, ministers asked people to avoid panic.

But dozens of cars lined up from gasoline stations across the country on Sunday, swallowing up supplies and forcing many gas stations to simply shut down. Reuters correspondents said pumps in British cities were either closed or there were signs that fuel was not available on Monday.

The Petrol Retailers Association (PRA), which represents independent fuel retailers who now account for 65% of all UK forecourts, said members had reported that 50% to 90% of pumps were dry in some areas.

“Unfortunately, we are seeing fuel panic in many areas of the country,” PRA executive director Gordon Balmer, who worked for BP for 30 years, told Reuters.

“We need some calming down,” Balmer said. “Please don’t panic buying: if people eliminate the network it becomes a self-fulfilling prophecy.”

Britain is considering calling in the army to ensure the supply of fuel to consumers many times And financial Times.

Environment Secretary George Eustice said there was no shortage of fuel and urged people to avoid panic buying.

Hollers, gas stations and retailers warned that there was no quick fix, however, because the shortage of truck drivers – estimated to be around 100,000 – was so acute, and because transporting fuel requires additional training and licenses. .

supply chain crisis

Britain’s retail industry warned the government on Friday that significant disruption was inevitable before Christmas unless it took steps to address a severe shortage of truck drivers over the next 10 days.

For months, supermarkets, processors and farmers have warned that a shortage of heavy goods vehicle (HGV) drivers is driving supply chains to the point of breaking – making it harder to get goods on shelves.

Aldi UK CEO Giles Hurley said that while his discount supermarket chain was in good shape, no one could guarantee there would be no market inflation around Christmas.

BP said on Sunday that nearly a third of its British petrol stations had run out of the two main grades of fuel as panic buying allowed the government to suspend competition laws and allow firms to work together to ease shortages. Was.

Business Secretary Quasi Quarteng said the suspension would allow firms to share information and coordinate their response.

“The move will allow the government to work constructively with fuel producers, suppliers, haulers and retailers to ensure that disruption is minimized,” the trade department said in a statement.

The government on Sunday announced plans to issue temporary visas to 5,000 foreign truck drivers. Around 25,000 truckers returned to Europe before Brexit and Britain was unable to test 40,000 drivers during the COVID-19 lockdown.

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Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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